Rare earths are a group of 17 chemical elements found in the Earth’s crust and listed in the periodic table you may recall seeing in a science class from your school days.
These elements are all metals and have a variety of uses. They are used in multiple devices and products across the defence, energy, technology and automobile sectors. Demand for them, as you might imagine, has increased dramatically. For example, rare earths are used in electric vehicle batteries and batteries in mobile phones.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.